Devonport commercial villa


82 Lake Road, Devonport

Private Treaty

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Devonport commercial villa | 82 Lake Road, Devonport | 1502949 |      X Close
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Description

Devonport commercial villa


•Residential zone with existing use rights for commercial

•Returning $48,000 net p.a.

•Add value investor or future owner occupier

•High profile Freehold site

The unique appeal this site offers, lies in that it has an underlying residential zoning with existing use rights for commercial activity. Therefore, an incoming purchaser will have the benefit of residential capital gains, whilst enjoying the comparably higher yield offered by the commercial use.

The subject property presents as a more or less rectangular site of approximately 556sqm of land with frontage an exposure on to Lake Road. The building is a residential home, which has been adapted and has existing use rights for the current commercial (medical) use. There is space for further expansion with the building covering circa 25% of the site.

For further information please don't hesitate to contact the Sole Agents today.